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Grant Bovey’s new property firm folds after four months

Grant Bovey, the property tycoon whose buy-to-let empire collapsed with debts of more than £50m, has abandoned his comeback venture after just four months.

Bovey, the husband of Anthea Turner, the television presenter, hoped to revive the couple’s finances with a venture called the Distressed Property Company.

He described it as a “super estate agent” that would market new homes which developers had failed to sell during the recession.

However, documents filed at Companies House show the business is now being wound up. Bovey and the firm’s only other director have also ended their five-year business relationship.

This weekend all that is left of the Distressed Property Company is a glitzy website featuring a musical soundtrack and artists’ impressions of luxury properties. “Our website is currently under development and will be live in a few weeks’ time,” the blurb reads.